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Our Bureau

Thiruvananthapuram, Sept. 24

Bank employees under the banner of United Forum of Bank Unions (UFBU) will observe a nation-wide token strike on October 27 in support of a slew of demands.

The employees have also chalked out various action programmes starting from October 5, including rallies and dharnas, according to Mr Prafulla Kumar Patnaik, National Convenor of UFBU.

He told newspersons here on Friday that the Union Government was moving away from the Common Minimum Programme (CMP) and its neo-liberal financial reforms were detrimental to the nation.

Mr Patnaik termed the Centre's plan to reduce the equity holding in public sector banks as a `retrograde step.' Also, the Bills to amend the Banking Regulations Act and the State Bank of India Act amounted to implementing the agenda of World Bank, International Monetary Fund and WTO.

He said UFBU was strongly opposed to the business strategic alliance among the banks at the instance of the Government. One such alliance among Indian Bank, Corporation Bank and Oriental Bank of Commerce has already come into force and this is a `backdoor attempt' at effecting merger of banks.

More Stories on : Trade & Labour Unions | Public Sector Banks

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